A quiet year for major catastrophes did not translate into fewerlosses for insurers, according to the Xactware 2014 PropertyReport.

Severe weather damage from wind, hail, lightning and tornadoeswas at the fourth-highest level in history, Greg Pyne, Xactware'sassistant vice president of Pricing Data Services, said in astatement. The trend of high damage from severe weather continuedto trouble the industry in 2014. Total insured losses due tothunderstorms saw the fourth highest number on record, with $12.3billion.

Xactware's XactAnalysis network processed 4,218,586 claimsestimates valued at $38,569,780,316. Year-over-year, the January2014 total of $3.02 billion for property estimates was more than$260 million higher than the January 2013 figure of $2.76 billion.June saw the most claims activity with a reported $4.44 billion inestimates. July came in second with $3.96 billion in propertyestimates, followed by October with $3.39 billion. The two monthswith the lowest estimate totals were November with $2.28 billionand December with $2.46 billion.